single tax

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single tax,

any levy that serves as the government's only source of revenue. Generally, however, it is understood to mean a tax derived from economic rentrent,
in law, periodic payment by a tenant for the use of another's property. In economics, its meaning is more complex, but since the word rent means any income or yield from an object capable of producing wealth, its limitation to a more special sense is somewhat
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 and used as the sole source of public receipts. As such, it is based on the doctrine that land and the natural resources are the source of all wealth, and it corresponds substantially to the impôt unique of the 18th-century physiocratsphysiocrats
, school of French thinkers in the 18th cent. who evolved the first complete system of economics. They were also referred to simply as "the economists" or "the sect." The founder and leader of physiocracy was François Quesnay.
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. Basic to the theory is the belief that the land and its wealth belong to all. The most effective advocate of the single tax was Henry GeorgeGeorge, Henry,
1839–97, American economist, founder of the single tax movement, b. Philadelphia. Of a poor family, his formal education was cut short at 14, and in 1857 he emigrated to California; there he worked at various occupations before turning to newspaper writing
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, who held that economic rent tends to enrich the owner at the expense of the community and is thus the cause of poverty; he believed that by appropriating all (or nearly all) economic rent governments could wipe out social distress and even acquire a surplus without recourse to any other taxes. George's theories have had some influence on land taxation in Britain, several of the former dominions, the W United States, and several European nations.


See H. George, Progress and Poverty (1879).

References in periodicals archive ?
While one City Council cannot bind the next City Council on a particular tax rate, The Research Bureau proposes that the council adopt some guidelines similar to the Five-Point Financial Plan that establishes a course for getting to a single tax rate in three year," she said.
In a letter addressed to selectmen, Corridor Nine supported the continuation of Shrewsbury's single tax classification saying, "During the last year, many businesses have opened, relocated and expanded in this region, partly due to our great location, but also due to our favorable and fair tax rate.
Currently, you're allowed to take a PMI deduction if your income is $54,000 or less as a single tax filer and $109,000 or less as a couple filing jointly.
Contrary to the Chamber's claim, the gap between the two rates did not move any closer toward a single tax rate.
Or should it keep taxes as low as possible for residents, while seeking to attract businesses by other means than taxes, and move toward a single tax rate after conditions improve?
The single tax authority will comprise a tax commissioner and deputy commissioners, to be hired on five-year contracts with an option for a five-year renewal.
Speaking to a group of leading businessmen of Islamabad, he said that traders are facing wrath of FBR but not a single tax official has been apprehended without whose help no trader can hide his income.
According to the group, the APD is the largest single tax passengers face anywhere in the world, with the increase, amounting to about USD 107 for economy tickets and USD 215 on all other cabins for flights to the United States.
Instead Mr Cameron condemns a single tax avoider - comic Jimmy Carr - then delivers a mean-spirited speech smearing all low-paid families who rely on benefits to make ends meet.
Burke said: "I believe the government has the opportunity to create jobs in the UK without sacrificing tax receipts by replacing the current patchwork quilt with a single tax, at a single rate.
Taipei, May 27, 2011 (CENS) -- Taiwan's Ministry of Finance (MOF) will levy provisional anti-dumping taxes on cement from China with the single tax anticipated to rise by 50%.
Once a company has filed a single tax return under the proposed system, its tax base would be shared between the countries in which it is active, according to a specific formula.